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BZH: Beazer Homes Gets Another Boost From Analyst Upgrade

It is making progress on a multi-year strategic plan


Shares of Beazer Homes USA (BZH) climbed about 2% in Friday trading after an analyst raised his rating for BZH stock.

Beazer Homes NYSE:BZHBZH shares gained after Wilkes Graham, an analyst at Compass Point, hiked his rating for BZH stock from “Neutral” to “Buy.” Graham also increased his price target for BZH shares from $24 to $25, Benzinga notes.

HPQ: H-P Stock Heads Higher on Analyst Upgrade
HPQ: H-P Stock Heads Higher on Analyst Upgrade

In a research note, Graham said his upgrade was based on his projection that “BZH’s continued progress towards its multi-year plan to reach $2B in revenue and 10% EBITDA margins will trump any overhang in the stock that might be attributed to risks associated with the company’s exposure to first-time homebuyers.”

On Thursday, BZH stock ended trading at $19.80 per share.

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